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28 Nov 2016

How will Egypt spend its $12B from the IMF?

On Nov. 11, the executive board of the International Monetary Fund (IMF) approved a three-year extended arrangement under the Extended Fund Facility to give"......

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28 Nov 2016

Egypt looks forward to enhancing cooperation with Norway: Al-Sisi

President Abdel Fattah Al-Sisi said on Sunday that Egypt is looking forward to enhancing cooperation in all fields with Norway during his meeting with Norwegian foreign minister Børge Brende, along with Egypt’s Minister of Foreign Affairs Sameh Shoukry and Norway’s ambassador"...

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27 Nov 2016

Cairo ICT 2016 will succeed in marketing new investment opportunities: Communications and Information Technology Minister

Minister of Communications and Information Technology Yasser ElKady counts on the 20th round of Cairo ICT 2016 to market investment opportunities in the telecommunications and information technology sector in order to attract more foreign investment, especially after his success in launching"...

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27 Nov 2016

Egypt’s First Lady Leads Donation Campaign for ‘Tahya Masr’ Fund

Egypt’s First Lady, Intissar Amer Al-Sisi, has led a campaign to encourage Egyptians, particularly women, to donate to the “Tahya Masr” fund.

Privately-owned Al-Hayah television channel aired footage of the First Lady as she visited an Egyptian bank to donate money to the"...

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27 Nov 2016

Cairo to Attract 5,000 Investors and Entrepreneurs in RiseUp Summit Next Month

Cairo will host the entrepreneurial big event RiseUp Summit, a hub for around 5,000 local and international visitors including startups, big investors, experts and business mentors, from December 9 -11, the event’s organizers said in a press"...

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27 Nov 2016

Maher Milad Iskander & Co. Announces Opening of Eosol Energy in Egypt

After a tumultuous few months riddled with uncertainty, foreign investment in the country is finally starting to incline. Supporting these trends, Maher Milad Iskander & Co, one of the largest corporate law firms in Egypt, have completed the incorporation of Eosol Energy’s very own"...

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27 Nov 2016

Face-off at Egypt's Press Syndicate

For the first time in its 75-year history, the Egyptian Press Syndicate has been taken to court by the state. Three senior members of the Syndicate now join numerous other journalists, dissidents and activists fighting harsh rulings that could leave them in jail for years.

...

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27 Nov 2016

Slovenia president to head business mission to Egypt next December

Slovenian President Borut Pahor will be heading a delegation of major businessmen to Egypt next December 5th, head of the Egyptian investment authority announced Thursday.

Mohamed Khodair, head of the Egyptian General"...

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27 Nov 2016

Fairmont, Raffles, Swissotel ink management deals in Egypt’s North Coast

Egypt’s Al Arabia Real Estate and Development (ARCO) signed Thursday three hotel management agreements with Fairmont Hotels, Raffles Hotels and Resorts, and Swissotel on its flagship CityStars Al Sahel in North Coast.

Fairmont"...

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27 Nov 2016

Ganope: Egypt's East Gabal El Zeit oil well produces 1,000 barrels/daily

Egyptian Oil Minister Tarek El-Molla received Saturday a report from Ganoub El-Wadi Petroleum Holding Company (Ganope) on work progress in the newly-discovered EGZ-1X well. The EGZ-1X well is located in east Gabal El Zeit area, Gulf of Suez.

According"...

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